NEW YORK, May 10, 2021 /PRNewswire/ --
The air cargo market is expected to grow by 14.05 million tons, progressing at a CAGR of almost 5% during the forecast period.
NEW YORK, May 10, 2021 /PRNewswire/ --
The air cargo market is expected to grow by 14.05 million tons, progressing at a CAGR of almost 5% during the forecast period.
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The increase in e-commerce sales is one of the major factors propelling the market growth. However, the expected rise in jet fuel prices might hamper the market growth.
Air Cargo Market: End-user Landscape
Based on the segmentation by end-user, the market witnessed maximum growth in the manufacturing segment in 2020. The market growth in the segment will be significant during the forecast period.
Air Cargo Market: Geographic Landscape
By geography, APAC is going to have lucrative growth during the forecast period. About 60% of the market's overall growth is expected to originate from APAC. The region will present several growth opportunities for market vendors. China and Japan are the key markets for air cargo in APAC.
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Related Reports on Industrials Include:
Global Air Cargo Containers Market - Global air cargo containers market is segmented by end-user (manufacturing industry, pharmaceutical industry, FMCG and retail industry, and others) and geography (APAC, North America, Europe, MEA, and South America).
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Global Air Charter Services Market - Global air charter services market is segmented by application (charter passenger, charter freight, and others) and geography (North America, Europe, APAC, South America, and MEA).
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Key Topics Covered:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by End-user
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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